Exchanges· ★★★· neutral·

Strategy buys 250 BTC for $21.5M and repurchases $192.4M in preferred stock

  • —250 BTC bought for $21.5M at an average price of $86,194
  • —Holdings hit a record 848,250 BTC
  • —STRC preferred stock buybacks rose to $192.4M
  • —Weekly BTC purchases declined for a second straight week
Why it matters: Strategy is spending nine times more on STRC buybacks than on bitcoin, signaling weakening corporate treasury demand for BTC.
#BTC
Source: CoinDesk Japan
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